00:01
Hey guys, and welcome to another economics example where we're going to be talking some more about fiscal policy.
00:08
So we're going to have a little bit of a practical example here for this one.
00:13
For most countries, you know, it's good to know how to use fiscal policy and, you know, when to use contractionary, expansionary fiscal policy.
00:21
But it's a lot of times it's not actually economists making those decisions.
00:26
It's, you know, the leaders of parliament.
00:29
And so it's your political science majors.
00:34
So things like the prime minister of canada, the president of the united states, you know, mayors of towns or leaders of provincial or state governments, those are the people typically making the say or the final say for fiscal policy.
00:55
So then how would somebody with an economics degree have an effect on that? that.
01:02
Well, in the states, the president, for example, actually has a council of economic advisors.
01:14
And almost every, not e .d...